After the brief “correction” in October, the market basically pulled a Men In Black where it essentially looked at the pen and proceeded to forget the past and resumed its ascendency to record highs. I made a couple of moves on my portfolios to bank some profits and to open some new positions. This is despite my feelings that the stock market is still overpriced.

In this era of wacky internet and tech stock prices, it seems like common sense has been thrown out with the bath water. Here are some practical, REALISTIC rules to keep in mind when making your investment decisions as described by the "Voice of Reason", Peter Lynch in his books, "Beating the Street" and "One Up On Wall Street". These are probably two of the best books on investing out there (Of course we didn't read them in Business School).

You can lose money in a very short time, but it takes a long time to make money.